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Arista Networks (NYSE: ANET) insider sells 300K shares in plan trades

(Very High)
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Arista Networks, Inc. (ANET) insider Andreas Bechtolsheim, a more-than-10% owner, reported indirect sales of 300,000 shares of common stock on August 27, 2026. The shares were sold by a family trust for which he is trustee, in seven open-market transactions at weighted average prices between $199.906 and $205.4503 per share, pursuant to a Rule 10b5-1 trading plan entered into on February 20, 2026.

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Insider BECHTOLSHEIM ANDREAS
Role 10% Owner
Sold 300,000 shs ($60.78M)
Type Security Shares Price Value
Sale Common Stock F1, F2, F3 15,053 $199.906 $3.01M
Sale Common Stock F1, F4, F3 50,091 $200.8132 $10.06M
Sale Common Stock F1, F5, F3 70,054 $201.7361 $14.13M
Sale Common Stock F1, F6, F3 73,794 $202.7124 $14.96M
Sale Common Stock F1, F7, F3 20,852 $203.6905 $4.25M
Sale Common Stock F1, F8, F3 64,510 $204.8244 $13.21M
Sale Common Stock F1, F9, F3 5,646 $205.4503 $1.16M
Holdings After Transaction: Common Stock — 180,843,048 shares (Indirect, by Trust)
Footnotes (9)
  1. F1. The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on February 20, 2026.
  2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $199.25 to $200.24, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  3. F3. These shares are held by a family trust for which the reporting person is a trustee.
  4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.25 to $201.245, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  5. F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.25 to $202.245, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  6. F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.25 to $203.2475, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  7. F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $203.25 to $204.24, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  8. F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $204.25 to $205.24, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  9. F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $205.25 to $205.53, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Shares sold 300,000 shares of Common Stock Total net shares sold on August 27, 2026 across seven transactions
Lowest weighted average sale price $199.906 per share Weighted average price for a 15,053-share sale block on August 27, 2026
Highest weighted average sale price $205.4503 per share Weighted average price for a 5,646-share sale block on August 27, 2026
Number of sale transactions 7 transactions Separate non-derivative sales of common stock on August 27, 2026
Rule 10b5-1 plan adoption date February 20, 2026 Date the reporting person entered into the Rule 10b5-1 trading plan
Rule 10b5-1 trading plan regulatory
"was effected pursuant to a Rule 10b5-1 trading plan entered into"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
family trust financial
"These shares are held by a family trust for which the reporting"

FAQ

How many ANET shares did Andreas Bechtolsheim sell in this Form 4?

Andreas Bechtolsheim reported selling 300,000 shares of Arista Networks, Inc. common stock. The sales occurred on August 27, 2026 in seven separate open-market transactions reported in this Form 4 filing.

What prices were received for the ANET shares sold on August 27, 2026?

The reported weighted average sale prices for ANET shares on August 27, 2026 ranged from $199.906 to $205.4503 per share, across seven separate transaction blocks, each also footnoted with detailed intraday price ranges.

Were the ANET insider sales made under a Rule 10b5-1 trading plan?

Yes. A footnote states the exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on February 20, 2026.

Does Andreas Bechtolsheim hold the ANET shares directly or indirectly?

The reported ANET shares are held indirectly by a family trust for which Andreas Bechtolsheim is a trustee. The Form 4 notes these shares are held by a family trust and the ownership type is coded as indirect.

How many separate sale transactions of ANET stock were reported?

The filing reports seven separate non-derivative sale transactions of Arista Networks, Inc. common stock, all dated August 27, 2026, each with its own share amount and weighted average sale price.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BECHTOLSHEIM ANDREAS

(Last)(First)(Middle)
5453 GREAT AMERICA PARKWAY

(Street)
SANTA CLARA CALIFORNIA 95054

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Arista Networks, Inc. [ ANET ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/27/2026S(1)15,053D$199.906(2)181,127,995Iby Trust(3)
Common Stock08/27/2026S(1)50,091D$200.8132(4)181,077,904Iby Trust(3)
Common Stock08/27/2026S(1)70,054D$201.7361(5)181,007,850Iby Trust(3)
Common Stock08/27/2026S(1)73,794D$202.7124(6)180,934,056Iby Trust(3)
Common Stock08/27/2026S(1)20,852D$203.6905(7)180,913,204Iby Trust(3)
Common Stock08/27/2026S(1)64,510D$204.8244(8)180,848,694Iby Trust(3)
Common Stock08/27/2026S(1)5,646D$205.4503(9)180,843,048Iby Trust(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The exercise and/or sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on February 20, 2026.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $199.25 to $200.24, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
3. These shares are held by a family trust for which the reporting person is a trustee.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.25 to $201.245, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.25 to $202.245, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.25 to $203.2475, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $203.25 to $204.24, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $204.25 to $205.24, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $205.25 to $205.53, inclusive. The reporting person undertakes to provide Arista Networks, Inc., any security holder of Arista Networks, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
By: Isabelle Bertin-Bailly, Attorney-in-Fact For: Andreas Bechtolsheim08/31/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)